大家知道，英伟达是美股科技股的灵魂，当英伟达在市场的光环不在时，影响的不仅仅是美股，而是全球的科技股，今天韩国股市的跌幅尤为明显，主要是 芯片指数大跌，也是受到英伟达走势的影响，可以说过去科技股的上涨几乎都是跟随英伟达的脚步。 海外这样，A股何况不是如此呢，创业板指数之所以跳水的幅度逼近4%，"易中天"以及新能源的下挫贡献了重要力量，从而带动了今天整个市场的跳水。 A股今天出现了罕见的下跌，沪指盘中最低到了3840点，一度下跌了90点，跌幅也超过了2%，对创业板指数来说重挫的力度就更明显了，低开之后出现低 走，11点14分出现盘中低点2924点，跌幅达到了3.87%，至此创业板指数已经从这波高点向下调整10%了。 不过早上11点30分收盘时，三大指数的跌幅略微有些收窄，沪指跌1.88%，创业板指数跌3.18%。 对于今天的盘面下挫，大家普遍觉得是昨夜美股纳斯达克指数的大跌2%，以及韩国股市和日本股市为代表的亚太股市的大跌所影响，我觉得有这方面因 素，但不是核心，尤其是美股向来对A股的影响不大，我认为还是市场自身存在一定的问题。 重挫近90点！A股今天突然跳水，原因是什么？ 其一，今天下跌的核心主要还是美股权重 ...

全球市场陷入"AI泡沫"争论之际，即便是最成功的英伟达，也正面临着前所未有的审视压力。作为AI基 础设施的核心供应商，英伟达的一举一动都被视为整个行业健康状况的晴雨表。 他还引用了一些帖子称英伟达的业绩正在帮助美国避免经济衰退，凸显出市场已将这家芯片制造商视为 宏观经济健康的关键指标。 英伟达周三公布的财报显示，三季度营收加速增长62%，本季指引再超预期。黄仁勋在财报发布时反驳 了关于AI泡沫日益增长的论调。然而，市场反应却反复无常：股价周三上涨（一度超过6%）后，周四 再度下挫（惨跌7%）。公司市值在数周内蒸发约5000亿美元。 据Business Insider周五报道，英伟达首席执行官黄仁勋在周四的内部会议上坦言，尽管公司交出了"令 人难以置信的"成绩单，但"市场并不领情"。这位芯片巨头掌门人罕见地承认，英伟达如今面临一个无 解困境：业绩出色会被指控助推AI泡沫，业绩不佳则被视为泡沫破裂的证据。 黄仁勋在会上表示，市场对英伟达的预期已经高到令公司陷入某种"无赢局面"。他直言："如果我们交 出糟糕的季报，哪怕只是差一点点，看起来有一点点不稳，整个世界就会崩溃。" 陷入"无赢困境" 据Business In ...

Group 1 - The core point of the news is the impressive debut of a new stock, Dapeng Industrial, which saw its price surge over 1600% during trading before retracting slightly [1] - Dapeng Industrial is a leading manufacturer of specialized intelligent equipment for industrial precision cleaning in China, focusing on core components such as vehicle powertrains and new energy systems [1] - The company is leveraging its existing technical expertise and market resources to accelerate the development of machine vision inspection products, aiming to create a second growth curve in response to the high-quality development trend in China's manufacturing sector [1] Group 2 - The broader Asia-Pacific market experienced significant declines, with the Nikkei 225 index falling by 2.38% to 48,640.01 points and the Korean Composite Index dropping by 3.72% to 3,855.92 points [1] - Concerns over high valuations in the artificial intelligence and technology sectors have intensified, leading to a sell-off in tech stocks [3] - Notable declines were observed in major Japanese tech companies, with SoftBank's stock dropping by 11% and Kioxia's stock falling by 16% [3]

Group 1 - The core viewpoint of the article highlights the impressive debut of a new stock, Dapeng Industrial, which saw its price surge by over 1600% during trading before retracting slightly [1] - Dapeng Industrial is identified as a leading manufacturer of specialized intelligent equipment for industrial precision cleaning in China, with applications in critical components such as vehicle powertrains and new energy systems [3] - The company is strategically positioning itself to capitalize on the high-quality development trend in China's manufacturing sector by expanding into machine vision inspection products, thereby creating a second growth curve for the business [4] Group 2 - The article notes a significant downturn in the Asia-Pacific markets, with the Nikkei 225 index falling by 2.38% and the Korean Composite Index dropping by 3.72% [5][6] - Concerns over inflated valuations in the artificial intelligence and technology sectors have led to a sell-off in tech stocks, contributing to the overall market decline [8] - Major technology firms in Japan and South Korea experienced substantial stock price drops, with SoftBank's shares falling by 11% and SK Hynix's shares down by 9% [9][10]

2025 年 11 月 21 日 招银国际环球市场 | 睿智投资 | 行业研究 英伟达（NVDA US，未评级）再次交出了超预期的季度业绩。公司三季度收入大 幅增长至 570 亿美元，同比增长 62%，环比增长 22%，超出彭博一致预期/公司 指引 3%/6%。公司本季度收入环比增加 100 亿美元，显著超出 40-50 亿美元的历 史正常水平。Non-GAAP 毛利率为 73.6%，略低于彭博预期但小幅超出公司指 引。毛利率环比提升 1.0 个百分点，主要得益于数据中心产品组合升级、交货周 期缩短以及成本结构优化。管理层给出了强劲的四季度指引：预计收入将达到 650 亿美元，同比增长 65%，环比增长 14%，高于彭博预期的 620 亿美元。这意 味着公司下季度将实现 80 亿美元的大幅环比增长。四季度 non-GAAP 毛利率指 引为 75.0%，符合公司此前预计毛利率将在年底达到 75%左右的目标。对于 2027 财年，管理层预计毛利率将持续维持在 75%。 值得注意的是，英伟达在多重挑战下仍交出了出色的业绩，例如：1）受出口管 制，中国市场的收入贡献几乎忽略不计；2）市场对 AI 行业是否存在泡沫产生 ...

Group 1 - Google has launched Nano Banana Pro, an advanced image generation and editing model based on Gemini 3 Pro, enhancing visualization capabilities significantly [2][3] - Nano Banana Pro is designed for high-quality, complex compositions, while the original Nano Banana focuses on quick and fun scenarios [3][4] - Users can experience Nano Banana Pro through the Gemini App, with different usage limits for free and paid users [3][4] Group 2 - The model can generate informative graphics and diagrams based on user input and real-world facts, leveraging Google Search's extensive knowledge base [4][5] - Nano Banana Pro excels in generating images with text, achieving high accuracy and readability due to its deep understanding of semantics and structure [8][10] - The model can integrate up to 14 images simultaneously while maintaining consistency in appearance for up to 5 individuals [16][21] Group 3 - Users can finely control image content, adjusting angles, focus, depth of field, and applying professional-level color grading, with outputs available in 2K or 4K resolution [21] - Google has introduced tips for using the model effectively, enhancing user experience [24] - Despite the strong performance of Google’s AI offerings, some users have reported difficulties in accessing paid features and obtaining API keys [28][29][30] Group 4 - Google CEO Sundar Pichai discussed the current AI landscape, emphasizing the significant capital investment in AI infrastructure, which is expected to exceed $1 trillion across the industry [36][37] - Pichai acknowledged the potential for over-investment in the tech sector but believes the demand for AI is genuine and will lead to transformative changes similar to the internet era [38][39] - He highlighted the importance of balancing innovation with responsible development, ensuring that AI technologies are used ethically and effectively [51][52]

全球市场避险情绪持续发酵，美股昨夜上演过山车行情，日韩股市开盘大跳水。 中韩半导体ETF跌超6%，纳指100ETF 、纳指科技ETF跌超4%。 | 代码 | 名称 | 涨跌幅 ▲ | 年初至今 | | --- | --- | --- | --- | | 513310 | 中韩半导体ETF T+0 | -6.06% | 62.75% | | 513390 | 纳指100ETF T+0 | -4.68% | 13.03% | | 159509 | 纳指科技ETF T+0 | -4.34% | 31.43% | | 159660 | 纳指100ETF T+0 | -4.17% | 12.37% | | 513110 | 纳斯达克100ETF T+0 | -3.87% | 12.70% | | 159303 | 恒生医疗ETF基金 T+0 | -3.87% | 65.17% | | 159570 | 港股通创新药ETF T+0 | -3.81% | 75.96% | | 513870 | 纳指ETF富国 T+0 | -3.73% | 14.07% | | 159632 | 纳斯达克ETF T+0 | -3.68% | ...

周五，亚太市场开盘大跌，跟随隔夜美股走势。日韩股市再度大跳水，韩国综合指数一度跌超4%。 最新公布的美国非农数据未能提供有关利率前景的明确信息，尽管英伟达财报亮眼，投资者仍继续抛售 风险较高的资产。 全线下跌 截至目前，日经225指数下跌2.21%，报48772.01点。 中国台湾基准股指台湾加权股价指数下跌2.72%，报26679.22点。 澳大利亚S&P/ASX 200指数开盘下跌2%，截至目前，下跌1.35%，报8436.9点。 韩国Kospi指数下跌3.27%，报3873.79点。 隔夜，美国科技股大跌拖累三大指数集体走低，纳指大跌逾2%，因投资者对美联储12月降息的预期降 温。此外，尽管英伟达财报亮眼，但投资者对"AI泡沫"的担忧仍在。 甲骨文和AMD等人工智能概念股当日率先转跌，随后英伟达回吐此前涨幅，收盘下跌近3%。 周四最新公布的数据显示，美国9月非农新增岗位远好于预期，但此前几个月数据下修且失业率上升。 这给美联储下个月是否会降息以提振劳动力市场带来了更多的不确定性。 据芝商所美联储观察工具，交易员当前定价下个月降息25个基点的可能性约为40%，这对期待借贷成本 下降的投资者而言是个挫折。 ...

博彩股早盘普跌。澳门预期明年赌收2360亿澳门元，小摩称11月赌收增幅或放缓。金沙中国(01928)跌 5.33%；永利澳门(01128)跌5.12%；美高梅中国(02282)跌4%。 智通财经APP获悉，港股恒生指数跌2.07%，跌535点，报25300点；恒生科技指数跌3.11%。港股早盘成 交1505亿港元。 科技股全线走低。拖累恒科指数跌超3%，降息预期降温叠加AI泡沫担忧冲击美股。华虹半导体(01347) 跌超5%；中芯国际(00981)跌超5%；阿里巴巴-W(09988)跌4%。 创新药概念股跌幅居前。创新药BD已有降温迹象，降息预期降温或冲击估值及投融资。和铂医药- B(02142)跌7%；腾盛博药-B(02137)跌超6%。 三生制药(01530)跌超8%，拟分拆蔓迪国际于联交所主板独立上市。 光伏股继续下跌。光伏整体需求表现偏弱，机构称组件环节顺价尚不明显。信义光能(00968)跌6.07%； 新特能源(01799)跌6.5%。 受美联储12月降息预期弱化的影响，美元指数再上100点关口。有色股全线承压。洛阳钼业(03993)跌超 4%，江西铜业股份(00358)跌超4%。锂矿股回调，赣锋锂 ...

美国科技七巨头全线收跌，英伟达业绩利好昙花一现，同样上演高开后大跳水：盘中涨超5%后，收盘跌3.15%，报180.64美元，市值一夜蒸发1429亿美元 （约合人民币10169亿元），黄仁勋在财报电话会上表态试图打消市场疑虑。 据媒体报道，英伟达CEO黄仁勋在财报电话会议上直言："有很多关于AI泡沫的讨论，但从我们的角度看，情况截然不同。"但分析认为指望黄仁勋承认泡 沫存在本就不现实：没有哪个"卖铲子"的人会告诉淘金者山里没有金子。此前该公司发布的超预期财报曾一度推动股价上涨5%。 | 177.040 -5.08% | 04:59 180.740 1072 | | --- | --- | | DE:00 U4:59 180.750 22:30 | 955 | | 分时量 ▼ ? 量:19728120 现手:1225 2238.68万 04:59 180.740 额:35.63亿 | 300 | | 04:59 180.750 | 250 | | 04:59 180.835 6.46万 | | | 04:59 180.830 3.89万 | | | the half historial and see a sea ...